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Our comprehensive Greater Portland Residential Market Report provides in-depth analysis of the residential housing market across Greater Portland and Cumberland County. This report offers valuable insights into market trends, pricing fluctuations, inventory levels, and demand drivers influencing real estate in these sought-after regions.
Key points of the report include:- We saw a 53% increase in home prices in Cumberland County from 2019 to 2024
- Portland, Scarborough & Gorham saw continued growth in median home price from 2023 to 2024 while towns like Falmouth & Yarmouth saw slight dips.
- One of the biggest drivers of the significant home price growth in Maine has been the influx of out-of-state buyers during and after COVID, as well as shifting priorities in what home buyers va
- The Data shows significant home price growth across nearly all neighborhoods in Portland since 2019, with some areas experiencing more dramatic appreciation than others.
